Is Tata group buying Pegatron's only iPhone plant in India?
The conglomerate Tata, a prominent player in India's corporate landscape, intends to manage the joint venture through its subsidiary Tata Electronics, as disclosed by a source
prativad 
In a strategic move, the Tata Group is in advanced negotiations to assume control of Pegatron’s sole iPhone manufacturing facility in India, according to two sources familiar with the matter.
This development signals Pegatron’s latest retreat from its partnership with Apple, reflecting a significant shift in its business strategy.
Under the proposed deal, which has garnered approval from Apple, Tata aims to secure a minimum 65% stake in a joint venture that will oversee the operation of Pegatron’s plant near Chennai, situated in the southern Indian state of Tamil Nadu.
Pegatron, on the other hand, is expected to provide technical support and retain the remaining stake in the joint venture, one of the sources revealed.
The conglomerate Tata, a prominent player in India’s corporate landscape, intends to manage the joint venture through its subsidiary Tata Electronics, as disclosed by the second source.
